secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001521951-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FBIZ Q4 2023 net income $9.6M; in-market deposits up 27%, loans up 13%
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- Net income $9.6M; pre-tax pre-provision ROAA 1.77%; tangible book value per share +14% annualized.
- In-market deposits grew 27.4% annualized from Q3 2023 and 19% from a year ago.
- Loans grew 12.5% annualized from Q3 and 16.7% year-over-year; net interest margin 3.69%.
- 2019-2023 strategic plan goals largely achieved: ROACE 13.79% vs 13.5% target; fee income ratio 21.76%.
- Non-performing assets 0.34% of total assets excluding one fully collateralized ABL loan; isolated transport sector weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000152195124000007/0001521951-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000152195124000007/fbiz-20240126.htm
  HTML page:      https://secwatch.observer/filing/0001521951-24-000007

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